USA: Analysts predict a further $10bn in acquisitions by 2003

Between $7 billion and $10 billion could be spent within the next 18 months on mergers and acquisitions in the drinks industry, according to investment bank CSFB. Last week's Beck's & Co acquisition by Belgian brewer Interbrew brought the total M&A spend since the creation of Diageo to $17.8billion and there are more to come, analyst Michael Bleakley told just-drinks.com.

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